Insurance WAEC

Business interruption claims will only be settled if it is caused by?

A. permanent disability
B. machinery breakdown
C. sickness
D. death

Correct Answer: Option B

B. machinery breakdown

Explanation

Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.

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